Automobile
Blanket Single Interest
Also known as Vendor Single Interest (VSI), this insurance policy provides assumption of coverage for your auto
loan portfolio. A small charge is applied to new loans at origination and there is no insurance tracking required on an
ongoing basis. This is a terrific way to free up staff for more productive activities and eliminate the anxiety of force
placing insurance on your customers. Coverages include all risk physical damage, instrument non-filing, confiscation
and skip and repossessed property.
Creditor Placed Insurance (CPI)
CPI protects your collateral interest by force placing insurance on the borrowers who do not maintain their own auto
insurance. Internet technology provides a convenient interface for tracking insurance renewals and cancellations,
sending letters to customers, and placing insurance at your discretion. Insurance tracking can also be outsourced with
final approval for insurance placement remaining with the lender.
Credit Life and Disability
Credit life and disability insurance helps ensure that your loans will be repaid even if your borrower dies, gets sick or
injured. Coverage is available for loan terms up to 120 months, balloon notes, and lines of credit. Training can be
provided via the Internet or at your location to increase your probability for success.
GAP
This product can be offered to auto loan customers who do not make a large down payment on their vehicle. GAP
covers the difference between the actual cash value and the net balance of the loan in the event the auto is totaled.
Vehicle Service Contracts
We offer the most comprehensive extended warranty coverage for all makes and models of automobile. It is an
excellent source of fee income for the financial institution and protects the financial institution's collateral. Our online
quoting system makes it easy for the lender to quickly quote prices for the customer at the branch.
Blanket Single Interest
Also known as Vendor Single Interest (VSI), this insurance policy provides assumption of coverage for your auto
loan portfolio. A small charge is applied to new loans at origination and there is no insurance tracking required on an
ongoing basis. This is a terrific way to free up staff for more productive activities and eliminate the anxiety of force
placing insurance on your customers. Coverages include all risk physical damage, instrument non-filing, confiscation
and skip and repossessed property.
Creditor Placed Insurance (CPI)
CPI protects your collateral interest by force placing insurance on the borrowers who do not maintain their own auto
insurance. Internet technology provides a convenient interface for tracking insurance renewals and cancellations,
sending letters to customers, and placing insurance at your discretion. Insurance tracking can also be outsourced with
final approval for insurance placement remaining with the lender.
Credit Life and Disability
Credit life and disability insurance helps ensure that your loans will be repaid even if your borrower dies, gets sick or
injured. Coverage is available for loan terms up to 120 months, balloon notes, and lines of credit. Training can be
provided via the Internet or at your location to increase your probability for success.
GAP
This product can be offered to auto loan customers who do not make a large down payment on their vehicle. GAP
covers the difference between the actual cash value and the net balance of the loan in the event the auto is totaled.
Vehicle Service Contracts
We offer the most comprehensive extended warranty coverage for all makes and models of automobile. It is an
excellent source of fee income for the financial institution and protects the financial institution's collateral. Our online
quoting system makes it easy for the lender to quickly quote prices for the customer at the branch.
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